443 Bay Street
Santa Monica, CA, 90405 $ 2,950,000
Baths0.0 Sq 5,532 Monthly Estimate*
$ 20,607
Studio
for $2,950,000. This 5,532 square foot home was built in 1971 on a lot size of 0.13.
REDUCED! 4.73 CAP AND 13.78 GIM!! One of the BEST priced properties in Santa Monica!! We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is situated close to all SantaMonica has to offer. With incredible in-place income, enormous rental upside potential, and a secured tenant base, 443 Bay Street gives buyers the unique opportunity to own a generational asset in one of LA's most prized and coveted locations.
See more
FeaturesGeneralHeating Central Wall Furnace
Cooling Wall/Window Unit(s) Central Air
Zoning SMOP2*
Year Built 1971
Levels Multi/Split
County Los Angeles
Net Operating Income 138949.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Santa Monica
Buyer Agent Compensation 2.00
Senior Community Y/N No
MLS Area C14 - Santa Monica
Lot Size Square Feet 5752.0
Street Name Bay
Additional Parcels Y/N No
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
See more
InteriorKitchen Appliances Disposal Dishwasher Refrigerator Microwave
Total Stories 2
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Street
Laundry Features Community
Total Baths 0
See more
ExteriorParking Features Assigned Attached Carport
Lot Size Area 5752.0
Building Area Total 5532.0
Lot Size Acres 0.13
Lot Size Units Square Feet
Land Lease Type Fee
See more
* Excluded FeaturesList ByJonathan TaksaListing Agent
Remax Commercial And Investment RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $20,607
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Santa Monica, CA
Average List Price $3,781,509
Percent of Sale Price 28%
About Santa Monica, CA 92,541 Population
10% Since 2002
$ 89,894 Median Income
42.46 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/3/2024 | $2,950,000 | -1.50% | Price Down |
11/20/2023 | $2,995,000 | | Listed Price |